Moving out is not straightforward even if it is necessary

In this final instalment of a six-part BT-Lianhe Zaobao series on China capital flows to Asean, we discuss the 'China + 1' supply chain strategy that is gaining popularity among multinational companies

Published Mon, Jun 21, 2021 · 05:50 AM

Asean

Singapore

WHEN the latest Apple headphones are no longer marked "Assembled in China", and are instead "Assembled in Vietnam", is it a sign that the hub for global manufacturing has shifted from China to South-east Asia?

The effects of the China-US trade war and the Covid-19 pandemic have been profoundly felt by manufacturers globally, pushing businesses to roll out their "China + 1" strategy, which involves diversifying their supply chain or business operations beyond China to mitigate risks.